Veneto Banca CEO Cristiano Carrus
said Thursday that stock-market regulator CONSOB has ordered the
troubled lender to call a board meeting to settle the details of
a one-billion-euro capital increase. "Consob has ordered the
board to meet within a week to address the terms of who will
have rights and who will be able to participate in the
capital-increase operation," Carrus said. According to current
regulations CONSOB and the Bank of Italy can ask the board to
meet and address issues relating to its customers given "the
serious irregularities that emerged during previous
inspections".
photo: bank president Pierluigi Bolla
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